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20041 Riverside Commons Plaza

SRS Real Estate Partners Facilitates $8.5M Sale Of Medical Office Building In Ashburn, VA
SOLDMedical Office

SRS Real Estate Partners Facilitates $8.5M Sale Of Medical Office Building In Ashburn, VA

20041 Riverside Commons Plaza

$8,500,000

$675/SF

Building Size

12,580 SF

Asset Type

Medical Office

Closing

Dec 14, 2023

AI

SRS Real Estate Partners has facilitated the $8.5 million sale of a fully leased, 12,580-square-foot medical office building at 20041 Riverside Commons Plaza in Ashburn, Virginia. The property is located in the Ashburn market.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $8,500,000
  • Address: 20041 Riverside Commons Plaza, Ashburn, VA
  • Market: Ashburn, VA
  • Square Footage: 12,580
  • Price Per Square Foot: $676

The buyer's representatives in this transaction were Andrew Fallon and Philip Wellde from SRS Real Estate Partners. They represented the buyer in acquiring the medical office building. On the other side, the seller was represented by Danny Brooker, Douglas Olson, and Rich Sillery from Monument Realty.

Players

Andrew Fallon

SRS Real Estate Partners

Broker

$141.3M

vol

15 deals

Broker

Ashburn Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93